NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention. 
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch 
FxWirePro: GBP/USD slips as dollar rebounds from six-week low 
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00 
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge 
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish 
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 
FxWirePro: AUD/USD firms after upbeat consumer spending data 
FxWirePro: NZD/USD turns lower as USD regains footing 
FxWirePro- Woodies pivot (Major) 
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 
Overall trend - bearish
Gold is consolidating in narrow range between $1211 and $1234.95 for past three trading session. It is currently trading around $1221.
The major three factors to be watched for gold price movement are
- US Dollar index – neutral (neutral for gold)- DXY has shown a minor jump of more than 40 pips from the low of 94.16. DXY is trading in narrow range and market awaits US fed meeting for further direction.The index has formed temporary top around 95.65. It is currently trading around 94.59.
- USD/JPY- bullish (negative for gold)- It is showing a minor correction after hitting high of 111.85. It is trading well above 20- day MA and is expected to reach till 113. It is currently trading around 111.85.
- US 10 –year yield – 2.97% (jumped more than 2% from yesterday’s low of 2.92%). Markets await US fed monetary policy.
- US 2 year yield 2.669% (0.60% lower). The spread between 2 year and 10 year yield (2.97%-2.66%) is 31 basis point slightly decreased from 34 basis point.
The pair is facing strong support at $1217 and any break below will take the yellow metal till $1209/ $1200 (61.8% fib)/$1160.
The near term resistance is around $1240 (20-day MA) and any convincing break above will take the yellow metal till $1250/$1260.
It is good to sell on rallies around $1228-30 with SL around $1237 for the TP of $1201/$11
